ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A descent down to the next support at 0.784400000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.834400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.855900000 |
| Next High | 0.834400000 |
| Current Price | 0.790800000 |
| Next Low | 0.784400000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.734000000 |
0.834400000 – 0.806900000 – 0.748000000 – 0.784400000 – 0.775900000 – 0.734000000 — 47.751145493663 – 38.60163943269
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –